Health Economist

Cambridge, England, gb
Company: Costello Medical
Category: Life, Physical, and Social Science Occupations
Published on 2021-06-21 18:04:04

We are currently recruiting for start dates throughout 2021, including January, April, July and September 2021. Please note that most of our new recruits will be based in our Global Headquarters in Cambridge, however we have a small number of places available at our London and Manchester offices.

What Our Health Economists Do

This role is well-suited to individuals with excellent communication skills who enjoy using mathematics, economics and statistics to problem-solve and answer real world questions relating to the economic impact of decisions in healthcare. Applicants should have a genuine interest in the healthcare industry and a strong desire to contribute to this setting.

Health Economists develop economic models to inform decisions on the efficient allocation of resources available to healthcare providers, and communicate these insights to a variety of stakeholders in the healthcare industry. Economic models within the realm of healthcare are quantitative assessments of the impact of healthcare treatments, practices and policies, either through cost-effectiveness analyses or separate cost and benefit considerations. These models are typically built in Microsoft Excel, C++, or R, employing universal mathematical and statistical modelling techniques.

The models developed by Health Economists have real world implications, aiming to improve the efficiency of healthcare systems by using robust methodological frameworks to inform decision-making. Producing an economic evaluation therefore requires Health Economists to:

  • Research and critically appraise medical and economic literature
  • Liaise with external medical professionals
  • Work collaboratively with colleagues across healthcare disciplines
  • Understand the theoretical health economic framework and apply this to the project at hand
  • Build high-quality, technically robust and clinically valid models in Microsoft Excel or other software
  • Interpret and analyse model results, producing technically accurate written reports of methodologies and outcomes
  • Model development can frequently involve fitting statistical distributions and parametric survival curves to clinical data and therefore requires a good knowledge of statistics.

    What Background Should You Have?

  • A degree level or higher qualification in a relevant discipline (minimum 2.1). Relevant disciplines are those that demonstrate a high level of technical and mathematical ability, such as mathematics, economics, physics or computer science. Formal degree-level or higher (i.e. postgraduate) training in statistics or modelling is desirable, though not required. However, applicants should feel comfortable with statistical concepts
  • Advanced skills in Excel and knowledge of VBA are required. Familiarity with other software (such as R, C++, SAS) is desirable but are not required. A willingness to learn new technical and programming skills is important for the role
  • Excellent written and oral communication skills and the ability to explain complex modelling techniques and results to non-experts
  • The ability to use your initiative and work independently, in addition to working collaboratively within project teams
  • A high degree of accuracy and attention to detail
  • Flexibility to respond to changing deadlines
  • Experience of having applied economic and mathematical modelling techniques in an industry setting would be desirable, but is not essential
  • What We Offer

    The starting salary for the role is £30,000, or higher for those with previous relevant experience in industry. Please click  here  to learn about our reward package and the other benefits of working for Costello Medical.

    Health Economists will receive both internal and external training tailored to their needs, whether on technical aspects of the role or on effective project management and client communication. You will be joining a small and growing team and therefore will get the opportunity to interact directly with clients extremely quickly. You will be presented with opportunities for development and tailored progression dependent on your prior experience and performance.

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